LYC Healthcare: Makes second medical firm buy in Singapore in less than a month. LYC Healthcare is acquiring a controlling 51%-stake in Singapore-based HC Orthopaedic Surgery Pte Ltd (HCOS) for RM21.29m. The group will be acquiring 17,000 shares representing 17% of HCOS from the founder and main operator Dr Chan Ying Ho, and 34,000 shares representing 34% of HCOS from Beyond Wellness Group Pte Ltd (BWG). The deal is expected to be completed by the 4Q of the year and will be funded equally by internal funds and bank borrowings. (The Edge)
I think health care biz will b v resilient in coming years ...LYC is expanding its biz with organic growth and acquisitions...share price may go high once results r delivered
KUALA LUMPUR (June 26): Gunung Capital Bhd has acquired 4.7 million shares representing a 3.2% stake in construction renovation and interior decoration firm Yi-lai Bhd for RM5.22 million.
This works out to RM1.11 per Yi-lai share, a 12 sen premium to the stock’s closing price of 99 sen per share.
“Our financial asset investment division, after thorough evaluation, is confident of the growth prospects of Yi-lai, and is of the opinion that Yi-lai is currently undervalued by the market,” Gunung said in a bourse filing today. Sponsored Content
“As such, the decision was made to invest in Yi-lai to secure higher returns on investments for Gunung,” the group added.
Gunung said the acquisition, which was done via direct business transfer, was funded by internally-generated funds.
Loss-making since 2015, Gunung is mainly involved in the chartering of land-based transport assets and speciality vehicles.
The group operates the fleet requirements of the Ministry of Defence, transporting schoolgoing children of armed forces personnel nationwide.
In a separate filing, the group said the aggregate purchase consideration of quoted securities acquired by Gunung for the past 12 months stood at RM9.61 million or 9.59% of its latest audited consolidated net assets.
Gunung’s investments in quoted securities as at June 26 involved a total cost and book value of RM9.61 million and total market value of RM10.34 million, the filing showed.
The group has not recorded any profit from the sale of such securities during the financial year ending Dec 31, 2020, it noted.
Under the listing requirements of Bursa Malaysia, a company must announce to the exchange of such transactions committed within the preceding 12 months, with the total being 5% or more of the listed issuer’s latest audited consolidated net assets.
Shares of Gunung closed one sen or 1.87% lower at 54.5 sen today, with 422,500 units done. This valued the company at RM131.8 million.
It’s not a fast counter. Need to hold few months to see results. High risk high reward, this counter potentially a lot of upside, but holding power need strong
@Runners on is it like that : " if next week cannot , the following week lor ,if following cannot then the following following lor ....no hurry" . .PPP
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
moneytr33
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Posted by moneytr33 > 2020-06-11 12:10 | Report Abuse
LYC Healthcare: Makes second medical firm buy in Singapore in less than a month. LYC Healthcare is acquiring a controlling 51%-stake in Singapore-based HC Orthopaedic Surgery Pte Ltd (HCOS) for RM21.29m. The group will be acquiring 17,000 shares representing 17% of HCOS from the founder and main operator Dr Chan Ying Ho, and 34,000 shares representing 34% of HCOS from Beyond Wellness Group Pte Ltd (BWG). The deal is expected to be completed by the 4Q of the year and will be funded equally by internal funds and bank borrowings. (The Edge)
Maybe have to wait till year-end to see it surge?